The Gambia has announced a strategic investment partnership with Dangote Group, led by Nigerian businessman Aliko Dangote, to develop major energy infrastructure projects aimed at strengthening the country’s energy security.
According to Gambian President Adama Barrow, the announced investment amounts to $2 billion and includes the development of a planned 250 MW solar power plant as well as a modern petroleum products storage terminal.
The project is expected to improve access to electricity, expand national energy capacity and strengthen fuel supply security in a country seeking to accelerate economic and industrial development.
Gambian authorities described the investment as a major step in transforming the energy sector by addressing electricity supply challenges and developing the infrastructure needed to support economic growth.
The partnership is part of Dangote Group’s broader expansion strategy across Africa, as the Nigerian conglomerate continues to increase investments in energy, industry and infrastructure projects on the continent.
Details regarding the project’s implementation timeline, financing structure and technical arrangements have not yet been fully disclosed by the parties involved.
Through this partnership, the Gambia aims to strengthen its energy independence and create conditions for sustainable economic growth.